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Part A: Lessons Learned from International Experiences with Geothermal Development In Part A, we present the main factors that enabled geothermal development in key geothermal markets. For each of these cases we present an overview of the electricity sector and the potential of the geothermal resources, explain the most notable geothermal projects, and identify the key factors that enabled geothermal development. We have structured Part A as follows: • Analysis of Geothermal Development for Each Country—We analyze the experience of countries that have successfully developed their geothermal resources. We include countries in different regions of the world as well as Guadeloupe, because of the similarity of its electricity market’s size and structure to that of the five islands in our study. We present our analysis by country in the following order: Costa Rica (Section 2), Nicaragua (Section 3), El Salvador (Section 4), United States of America (Section 5), Iceland (Section 6), Kenya (Section 7), and Guadeloupe (Section8). For each of the countries we include: - An Overview of the Electricity Market This section describes the electricity market, including information on the country’s installed capacity, generation matrix, and demand. Reviewing each country’s electricity sector allows us to understand the context in which the geothermal project was implemented, and the importance of geothermal generation in the country’s electricity sector. The electricity sectors of the countries in our study vary significantly in terms of their size and the percentage of installed capacity that geothermal generation accounts for. - A Review of the Geothermal Resource Potential—This section presents the potential of the geothermal resources in terms of generation capacity. Based on this review, we can understand the size of the geothermal resource in the country and the potential for future development. - AnAssessmentofGeothermalProjects— This section presents an assessment of the geothermal projects that were implemented and future geothermal projects. Given the large size of most of the geothermal markets analyzed, we present examples of notable geothermal projects for all countries except for Guadeloupe. These examples provide insights into the varying approaches that can be adopted by countries in developing their geothermal resources. We focus on presenting the structure of the transaction used to develop the geothermal project, and describe the key actors involved and the project agreements signed. - An Assessment of the Key Factors That Enabled Geothermal Development— This section identifies the key factors that enabled the country to develop its geothermal resources. We find that for all countries, the public sector played an active role in enabling geothermal development. 12PDF Image | Unlocking Geothermal Power Eastern Caribbean Powerhouse
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